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Thailand's One Asset Management launches TIREIT units as economy rebounds



One Asset Management (ONEAM) is set to offer units of the Thai Industrial Real Estate Investment Trust (TIREIT) to general investors from October 7 to 18, capitalising on shifts in the investment landscape as high interest rates decline. Converted from Thai Industrial Fund 1 (TIF1), TIREIT holds 100% freehold assets in land and buildings across leading industrial estates and warehouses, valued at THB2.25bn (USD67m). With Thailand's economy showing signs of continuous recovery and improved political stability, ONEAM anticipates increased investor interest in TIREIT, which now offers a 7% dividend return, up from 5.8%. The trust aims to boost rental income through asset acquisitions, leveraging high occupancy rates in industrial real estate and growth in e-commerce and logistics sectors.

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